SPCX: 5-bar high + red cut

28% strategy
performance

-10% buy&hold
performance

48% percentage
of winning trades

3.75 reward to
risk ratio

0.89% average
position return

-4% drawdown

A long strategy created by TrendSpider on TrendSpider. Tested at of SPCX, 15 min.

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SPCX 5-bar high + red cut strat

Chart type the strategy tested at: Bars. Market data: regular session. Trade by: open. Backtest results as of .

Entry Conditions

All of the following: # Momentum breakout entry
  15min Chart(close) > 15min RANGE(5,bars),high (1 candles ago)
  15min Chart(close) > 15min EMA(50,bars)
  15min Chart(close) > 15min EMA(200,bars)
  15min VOLUME(20,SMA,bars),volume ≥ 15min VOLUME(20,SMA,bars),sma by at least 100 %
  15min RSI(14,bars) > 60

Exit Conditions

All of the following: # Exit at 15:45 or later
  15min TIME(bars),hoursMinutes ≥ 1545

OR ANY OF

# Candles Passed	Exit after 16 candles, for any PnL.
# Candles Passed	Exit after 1 candles, only if PnL < 0%.